As an owner of a freehold condo property, you have many rights.

You pay cam fees you get a floating parking spot. But if you don’t register the car for a spot. You don’t get the spot.

The property management company runs the common areas of the building. The big BUT is that your have a yearly AGM which you have the rights to ask as many questions as you want and as well change the property management company through a vote with other home owners. So everything can be solve if home owners local or foreigner pulls together.

Reputable agents either works for company or has their own company. Make sure you ask for name card and have them show everything that belongs to the owner of the unit. Also you can always check whether the unit belongs to the owner provided by asking the Juristic after you paid the booking. Many ways to prevent from being scammed. Just be more smart about it when dealing with an agent.

As I am an agent and I do things that doesn’t hurt the eco-system for Thailand.

You are able to open bank accounts by proving your ownership of the condo.

Not many are able to open bank accounts with DTV. As the BOT sees DTV are as tourist visa. So bank accounts are a little harder to open due to the more stricter rules of account opening.

Here’s a website to read about it.

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Yes it is true that Foreigners cannot on a house outright. As we all learned that freehold is the best way to own a property.

There’s an easier way now for foreigners to buy a house. There are a few developers now offer leasehold. As this takes away a lot of the issues and problems of opening a company to hold the property.

So when selling the house, you can either sell the house to the next foreigner under leasehold or selling it to the next Thai owner under freehold.

And when the money is received, you can take your money out. As the leasehold also would need foreigners to do the money transfer the right way, showing the money is coming from overseas.

Hope this info helps.